When the Task Force on Financial Literacy released its recommendations a few years ago on how to make Canadians better understand financial concepts, this prompted…
In a previous post, I examined how to assess the liquidity requirements of a pension fund at the total fund level. In this post and…
The market value of Canadian employer-sponsored pension funds grew 1.7% in the third quarter, marking the fifth consecutive quarterly increase, says Statistics Canada.
We are all familiar with the expression “the long arm of the law.” However, few laws’ arms are longer than that of the U.S. Foreign…
Group pension buyout sales reached US$8.5 billion in the United States last year.
In Ontario, the regulator recently made it a requirement effective Jan. 1, 2016 for pension funds to disclose whether environmental, social and governance (ESG) factors…
The current version of the Ontario Retirement Pension Plan (ORPP) is problematical in its benefit design and how it's targeted, Keith Ambachtsheer writes in a…
The Ontario Retirement Pension Plan is needed because Ontarians' workplace pension plan coverage is low, and they aren't saving enough, according to Associate Minister of…
The Ontario Retirement Pension Plan (ORPP) is an unprecedented new mandatory provincial pension plan that represents the provincial government's "made-in-Ontario" solution for expanding pension coverage…
Ottawa needs to change federal tax rules so that they accommodate single-employer target benefit plans, according to a C.D. Howe Institute report.
BCE has reached an agreement to transfer the longevity risk for $5 billion of pension plan liabilities to Sun Life Financial.
The plunge in interest rates to new lows in recent years has made DB plan sponsors rethink whether their pension plans continue to be sustainable.…
Members of Acadia University's pension plan have voted in favour of transferring into the Public Service Superannuation Plan (PSSP).
While the Canadian Association of Pension Supervisory Authorities’ updated capital accumulation plan guideline contains several key updates with regard to plan sponsor and member responsibilities,…
In 2023, the world’s 300 largest pension funds’ assets under management increased by 10 per cent to US$22.6 trillion, compared to $20.6 trillion at the…
Brianne Collins, age 29, has worked as a senior copywriter at a large Toronto-based advertising agency for just over a year. Collins’ agency supports employee…
With many Canadian defined benefit pension plans in a strong funded position, plan sponsors, particularly those with unionized workforces, are increasingly discussing the use of…
The federal government is currently seeking recommendations about its plan to introduce solvency reserve accounts for federally regulated defined benefit pension plans. Under the government’s…
Marcie Frost, chief executive officer at the California Public Employees’ Retirement System, is receiving a significant bonus that will boost her compensation to more than…
From 2016 to 2024, fewer plan members are confident they’ve saved enough for retirement. Indeed, Benefits Canada’s 2024 CAP Member survey found plan members’ optimism…
Going through a divorce can be an extremely stressful and emotional experience and, unsurprisingly, the impacts can spill into the workplace. “[Employees may be] at…
When Phillip Kotanidis took over as chief human resources officer at Toronto’s Michael Garron Hospital in 2018, the financial well-being of staff wasn’t exactly high…
As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says…
Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The…
Many plan members are experiencing risk factors related to poor mental, physical and financial well-being, but often don’t know they can turn to their benefits…